NEM Launches Symbol, The Next-Generation Enterprise-Grade Blockchain Platform
GIBRALTAR, March 15, 2021 /PRNewswire/
NEM Group today announces the launch of
Symbol, its next-generation Proof-of-Stake+ (PoS+) Public Blockchain. Boasting enterprise-grade programmability and security, Symbol from NEM brings cutting edge technical features which can be leveraged by innovative projects building fintech, healthcare and supply chain products at the heart of the new economy. With the launch comes
XYM, the native currency of the Symbol from NEM platform, used for transactions on the network.
Commenting on the launch, David Shaw, CEO of NEM Group, We believe we are at the start of an entirely new economic and digital system that is more inclusive and accessible. Symbol is uniquely positioned at the forefront of the movement towards decentralization, digitization and tokenization. Symbol s feature-rich platform makes it suitable for a number of industries and use cases, spanning t
(YTL Power) is unlikely to diversify aggressively into renewable energy due to the lean returns from such projects, according to Maybank Investment Bank Research (MaybankIB).
The research house noted the utility conglomerate’s willingness to participate in greenfield coal-fired plants suggests its environmental, social and governance (ESG) concern.
“Given YTL Power’s considerable coal exposure, the company will have to contend with the environmental stigma for the considerable future.
“Being family-controlled, the group can maintain its returns-oriented focus even in the face of ESG scrutiny, ” MaybankIB said yesterday.
“We thus expect the group to maintain its current strategy of investing in regulated assets with long-term concessions and attractive returns for the foreseeable future. Aggressive renewable diversification appears unlikely in our view given lean project returns in the space, ” it said.